EURCAD 90% Buy direction signal, closed early for 8.4 pips profit as I made today's account growth target, if I 'd left this to run it would of made 160 pips profit!
From this mornings Forex Breakout Direction Indicator we are EURJPY =SELL GBPCAD = SELL GBPJPY = SELL GBPNZD = SELL
Ignored
EURJPY closed at 12pm for 51.5 pips profit
GBPCAD closed at 12pm for 145.4 pips profit
GBPJPY trade not activated, range was too big
GBPNZD trade not activated, range was too big
Total for day 196.9 pips profit, 7.6% account growth
This morning we have two valid trade set ups, which are -
GBPUSD SELL
GBPAUD SELL (range may go over limit before London opens, if it does, then this will not be a valid set up)
EURCHF should in fact be a SELL set up, but I don't like the price action just before the box starts, so I'm staying out of this one
The good thing with the EA, so that you can set and forget. So for example, if the range does increase on the GBPAUD, it will not place trades on this one
GBPUSD closed early for 54 pips profit, if left to run this would of made 60 pips
GBPAUD as expected range was far to big before pending orders are set, so the EA did not send any orders, good job too as this would of been a 160 pip lost
EURCHF I chosen not to trade this pair this morning, due to ugly price action at the close of yesterday, however, if this was traded, you would of banked 60 pips and still be 20 pips in profit on at the time of writing.
The GBP pairs will be closely watched via mobile MT4 plarform as there is major news out at 9.30am. As soon as I have gained 1% account growth, these will possibly be closed, unless the market accelerates and set the stop loss to break even quickly.
AUDUSD states sell, but the 50 EMA filter is not high enough for me
EURGBP states buy, but the 50 EMA filter is not low enough for me
Understood thanks. What time do you suggest charts should be checked - before Frankfurt Open? BTW your PDF is exceptionally well set out and documented.
